Presper Financial Architects LLC Takes Position in AT&T Inc. $T

Key Points

• Presper Financial Architects LLC acquired a new stake in AT&T, buying 25,499 shares valued at approximately $738,000, which represents 0.5% of its total holdings.
• AT&T reported earnings of $0.54 per share for the last quarter, surpassing analysts' expectations of $0.53, with a revenue of $30.85 billion, a 3.4% increase from the prior year.
• The company announced a quarterly dividend of $0.2775 per share to be paid on November 3rd, reflecting an annualized yield of 4.0%.

Presper Financial Architects LLC purchased a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 25,499 shares of the technology company's stock, valued at approximately $738,000. AT&T comprises approximately 0.5% of Presper Financial Architects LLC's holdings, making the stock its 21st biggest position.

Several other institutional investors have also made changes to their positions in T. Kingstone Capital Partners Texas LLC acquired a new stake in shares of AT&T during the 2nd quarter valued at about $5,266,758,000. Nuveen LLC acquired a new stake in shares of AT&T during the 1st quarter valued at about $1,072,128,000. GQG Partners LLC lifted its holdings in AT&T by 17.7% in the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company's stock worth $3,222,711,000 after purchasing an additional 17,177,874 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its holdings in AT&T by 30,527.5% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company's stock worth $338,213,000 after purchasing an additional 11,920,392 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in AT&T by 350.4% in the 1st quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company's stock worth $321,372,000 after purchasing an additional 8,841,126 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

T opened at $28.07 on Tuesday. The stock has a market cap of $200.71 billion, a PE ratio of 15.95, a P/E/G ratio of 3.62 and a beta of 0.44. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 1 year low of $21.05 and a 1 year high of $29.79. The stock's 50 day simple moving average is $28.62 and its 200-day simple moving average is $27.91.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The firm had revenue of $30.85 billion for the quarter, compared to analysts' expectations of $30.44 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The business's revenue was up 3.4% compared to the same quarter last year. Sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, October 10th. AT&T's dividend payout ratio is presently 63.07%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein boosted their target price on AT&T from $31.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. Scotiabank boosted their target price on AT&T from $29.50 to $30.00 and gave the stock a "sector outperform" rating in a report on Friday, July 11th. Bank of America assumed coverage on AT&T in a report on Monday, July 7th. They issued a "buy" rating and a $32.00 target price for the company. The Goldman Sachs Group assumed coverage on AT&T in a report on Tuesday, September 2nd. They issued a "buy" rating and a $32.00 target price for the company. Finally, Hsbc Global Res lowered AT&T from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $30.74.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.

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